He basically said he doesn't know about Bitcoin. What he said is fair enough - he said he's not a fan because he doesn't know it, and it's not shameful to not know it, but it's shameful to pretend to know something you don't know about. The irony is, Bitcoin is outrightly against corruption, so Jack would actually like that.
There's research and development being done into block chain tech, namely implementing identity signatories, so folks can be authorised and identified.
harder to defaud you mean defraud...? Bitcoin has never been hacked on bitcoin network just to be clear. Nothing beats bitcoin because it's complete decentralize, anything more is just taking rules out for the riches, unless you have an update for me
Listen: This is the future of Bitcoin. Digital currency has come to stay and will never go away. It will transform as technology improves but again digital currency is here to stay.
Wow.. I didnt expect him to mention block-chain.. he probably knows more than the audience, even if he mentions that he don't know anything.. what a humble guy.
at least he's honest and fair in his *personal* assessment of Bitcoin - that was an intelligent response to the question. and sounds like he intends to keep paying attention to it to see what happens..and that he may decide to learn more in future..whether it leads to him *becoming* "a fan" of it or not..i *am* a fan myself but i believe i understand his perspective. in the meantime, seems like he's looking at the blockchain technology for possible use in his businesses..starting with AliPay?..and Alibaba?..will be interesting to see what he decides to do. 🤔🤔🤔🤔
You do know that Japan recognizes Bitcoin as currency right? Also you can use it for shopping and at ATM's in many places around the world. Liking your own comment doesn't prove anything. I have been following Blockchain and Bitcoin for almost 5 years now and its not about trading etc... its real virtual money. If you did have some you would know. I don't think you do. Anyways have a nice day.
FIAT (Fiat money is a currency without intrinsic value established as money by government regulation) currencies are valuable today because people trust them. They believe the currency will hold their value. FIAT currencies are inflationary and cryptocurrencies are deflationary. Meaning FIAT currencies lose value every year because they are printing more money constantly. If you see how valuable cryptos are today, quite a lot of people are trusting them and more people every day decides to invest in cryptocurrencies. Bitcoin is not a scam at all. The so called blockchain technology is quite astonishing combining cryptography, a ledger, and a consensus algorithm. And its all done decentralized. I and you can exchange value without any middlemen. But the Bitcoin tech is getting quite old and cranky. A lot of people are involved full time or voluntarily trying to fix the problems with Bitcoin but it's not easy to fix stuff on a running supercomputer. I advise you to do some reading on them. This can change the global problem where the rich are getting richer and the poor is getting poorer. If you want to invest; there are a lot of quality projects like TRON, Cardano, NEO, Ethereum, Stellar, Dragonchain, Icon, RaiBlocks (DAG, not blockchain) Substratum, and AChain.
@Lone Blade. The problem with your thought is when people make direct exchanges using crypto instead of fiat. As long as users perceive value, they don't need the blessing of countries or banks. You need to get out of your linear thinking. It's got you trapped in a box.
Blockchains require incentives to work properly. The incentive for the miners to secure any blockchain is the block reward: miners are trying to get the reward that comes with finding a new block. Everyone's transactions go into those new blocks. But the block reward is not dollars, but rather bitcoins. If the bitcoin is not valuable, then there is no point in trying to get the block reward and new blocks won't be found. Therefore, the blockchain's token (bitcoin in this case) *must* be valuable or miners do not have an incentive to expend resources (electricity, hardware costs, etc.) to play this game of trying to find blocks. Okay? MUST. Let's continue: if the token is valuable, then it can be used as money. If the token *isn't* valuable, then the blockchain does not work because there is no incentive to find new blocks and new transactions are not processed. Thus, you *cannot* separate a blockchain from its token. I hope this helps.
Most of the tokens are pre-mined, so mining doesnt come in. Blockchain is more important than bitcoin. and yes im a bitcoin hodler and i still feel blockchain is more important.
Jay S, getting rich is not the point of the currency. Mining is just how the transactions are processed and how we collectively decide which transaction history is the correct one. Mining secures the network against fraud. Miners are doing a service and they have to be paid or they won't do it. Why does bitcoin have value? Bitcoin has value because it is scarce (limited) and because it's useful. It allows you to send money to anyone anywhere without bank accounts and without anyone's permission as long as they have access to the internet. That is useful to a lot of different people for different reasons. ...it's also fun to speculate on the price and try to get rich. =)
Hey everyone, please I'm new to forex and I don't know how to take start it, I'm actually looking for an Expert trader that can help me trade and make profits.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today. 🤝Mrs Clara Austin
Jack ma don’t know bitcoin, I really doubt about this, he pretend not knowing it because he know it will go up sooner or later, and that’s going to compete with his alipay.
Samuel Yiu It is within his own right to protect his business. If your competition is down the street would you point the direction for your potentials client or customer to them? I think the answer is clear.
Most of bitcoin enthusiasts say they understand the technology behind it and how it could change the future, however it's doubtful they do. As well said by Jack, it is shameful to pretend you know something while you actually don't.
actually that applies to every 'loud mouth'. Even those that don't even have any studies in the field. Economics, laws, finances, tax, medicine, politics there will always be a large group of people saying more than they know
Seems like everyone is on the same field about not liking bitcoin itself, but the technology behind blockchain is what everyone likes which at the end of the day is what makes it so special
You guys getting it all wrong, when he says "Idk about bitcoin" he's talking about the same understanding you have about WHERE THE TREND IS GOING and "Should I invest?". He KNOWS what a BITCOIN is and what it's suppose to do, but he KNOWS you are asking him "Should I spend my money on this sh**?" and he is saying he can't answer that for you. Because the people who are trading it around are the ones inflating the sh**, the bitcoin is NOT backed by ANYTHING other than perceived value, how did anyone not see the crash coming?
dont know and saying u dont know its not shameful .. pretending to know while you dont ia shameful.. but jackma pretending to dont know but i think he does understand very well cause he paid close attention to it even the blockchain technology
its not stupid at all. Lets just pretend Nokia invented the internet. What part of their company would hold the real value? The phones or the internet technology? Same goes with bitcoin. Just look at all the problems it got. I personally dont believe in bitcoin either, but im all in in crypto. There are already companies starting to utilize blockchain for their business idea. Like Modum among many others.
right now and until there is proven working decentralized alternative to bitcoin that can deliver at scale, we are stuck with the 'Bitcoin Blockchain'. Cause what is bitcoin? its a blockchain lol. Its propaganda, to try and make their own blockchain that is not decentralised
Cannot see it going up in value when half of the world have said it declared that virtual currency had ‘no legal status or regulatory framework if It is to be regulated as a virtual asset by the Finicial Tech Law they have said Each time a bitcoin is sold, the seller would have to pay a capital gains tax of 25%. Miners, traders of bitcoins would be treated as businesses and would have to pay corporate income tax as well as charge a 17% VAT so its only the people who invested before it went up in value that may get something out of it but the middle man who exchanges your money will get a large % cut. and if you do it in a country were its not legal to do bitcoin you could do jail time for even cashing in your coins
Try acquire a little knowledge on money adders before proceding to buy any softwares. read this helpful information in the link below www.creativeinv.club
Satoshi Nakamoto(if the person really exists) was the first to own Bitcoins. Has a million of them when they were worth virtually nothing. His wealth is now over $16 billion.
So the actress cannot even conceal her own intention to ask a question like that huh. "My brother is trading it." She said. She needs to learn how to perform.
![[UNCUT] The Loyal Pin ปิ่นภักดิ์ EP.15 (2/4)](http://i.ytimg.com/vi/qbHbshrA1f0/mqdefault.jpg)
3:38 thank me later...........
lold
Thank fuck ha ha ha
thank you.
Bienvenido Batista thank you
Saved me so much time, thank you
3:38 You're welcome.
Thank you
Rick Deckard you da man
Good looking out man. I hate hearing this guy talk about himself all the time!
thank you
Cashless = New World Order
In other words, he doesn’t understand it
Paul Flynn dbdbbs
yes, he is not an innovator. he is a copy cat protected by china gov :)
I can clearly see that he doesn't understand fully Bitcoin.
He clearly says he doesn't know about it at 3:38 , so yes, he doesn't know about it. Can one of you explain it please? :P
You do? I don't.
He basically said he doesn't know about Bitcoin.
What he said is fair enough - he said he's not a fan because he doesn't know it, and it's not shameful to not know it, but it's shameful to pretend to know something you don't know about.
The irony is, Bitcoin is outrightly against corruption, so Jack would actually like that.
he is a puppet for the new world order pushing the cashless agenda.
Victorialily
I love this man Jack.. Was well said and well put together out right honest.
He also insisted that it was worth researching as he believes a cashless society would curb corruption.
The fact that Bitcoin is untraceable means it can also be used as a tool for corruption (money laundering).
There's research and development being done into block chain tech, namely implementing identity signatories, so folks can be authorised and identified.
His explanation is so long but in the end.. He doesn't know about Bitcoin 😂
#loveUJKMa
what suspense for a lesson on not knowing.
He is secretly developing alibabacoin, liar!
harder to defaud you mean defraud...? Bitcoin has never been hacked on bitcoin network just to be clear.
Nothing beats bitcoin because it's complete decentralize, anything more is just taking rules out for the riches, unless you have an update for me
Jack and Vitalik share the same alien DNA.
They both look like aliens.
They don't look like. They are.
Lol!
Lizards!
Big brain sizes indeed)
Jack ma is Satoshi Nakamoto
#Prooved
Drama World lmao
Yehhhhh
Hmmmm may be who knows 😋
Ikr
Listen: This is the future of Bitcoin. Digital currency has come to stay and will never go away. It will transform as technology improves but again digital currency is here to stay.
I love the way he reply about bitcoin. That's why im a big of him
Wow.. I didnt expect him to mention block-chain.. he probably knows more than the audience, even if he mentions that he don't know anything.. what a humble guy.
At least he was honest
at least he's honest and fair in his *personal* assessment of Bitcoin - that was an intelligent response to the question.
and sounds like he intends to keep paying attention to it to see what happens..and that he may decide to learn more in future..whether it leads to him *becoming* "a fan" of it or not..i *am* a fan myself but i believe i understand his perspective.
in the meantime, seems like he's looking at the blockchain technology for possible use in his businesses..starting with AliPay?..and Alibaba?..will be interesting to see what he decides to do. 🤔🤔🤔🤔
At first i was like where is bitcoin talk
Probably has billions in bitcoin... or at least a billion and says he doesn't know :P
Lone Blade so is USD in that sense.. It isn't backed up by Gold lol. But no one says anything.
You do know that Japan recognizes Bitcoin as currency right? Also you can use it for shopping and at ATM's in many places around the world. Liking your own comment doesn't prove anything. I have been following Blockchain and Bitcoin for almost 5 years now and its not about trading etc... its real virtual money. If you did have some you would know. I don't think you do. Anyways have a nice day.
Jack Ma likes ripple technology thats working now.
FIAT (Fiat money is a currency without intrinsic value established as money by government regulation) currencies are valuable today because people trust them. They believe the currency will hold their value. FIAT currencies are inflationary and cryptocurrencies are deflationary. Meaning FIAT currencies lose value every year because they are printing more money constantly. If you see how valuable cryptos are today, quite a lot of people are trusting them and more people every day decides to invest in cryptocurrencies.
Bitcoin is not a scam at all. The so called blockchain technology is quite astonishing combining cryptography, a ledger, and a consensus algorithm. And its all done decentralized. I and you can exchange value without any middlemen.
But the Bitcoin tech is getting quite old and cranky. A lot of people are involved full time or voluntarily trying to fix the problems with Bitcoin but it's not easy to fix stuff on a running supercomputer. I advise you to do some reading on them. This can change the global problem where the rich are getting richer and the poor is getting poorer. If you want to invest; there are a lot of quality projects like TRON, Cardano, NEO, Ethereum, Stellar, Dragonchain, Icon, RaiBlocks (DAG, not blockchain) Substratum, and AChain.
@Lone Blade. The problem with your thought is when people make direct exchanges using crypto instead of fiat. As long as users perceive value, they don't need the blessing of countries or banks. You need to get out of your linear thinking. It's got you trapped in a box.
There you go “ The technology behind Bitcoin is very powerful”
Hi Tuan Do, make a Vertcoin video, please. Do you already know Vertbase & Vertpig?
Blockchains require incentives to work properly. The incentive for the miners to secure any blockchain is the block reward: miners are trying to get the reward that comes with finding a new block. Everyone's transactions go into those new blocks. But the block reward is not dollars, but rather bitcoins. If the bitcoin is not valuable, then there is no point in trying to get the block reward and new blocks won't be found. Therefore, the blockchain's token (bitcoin in this case) *must* be valuable or miners do not have an incentive to expend resources (electricity, hardware costs, etc.) to play this game of trying to find blocks. Okay? MUST.
Let's continue: if the token is valuable, then it can be used as money. If the token *isn't* valuable, then the blockchain does not work because there is no incentive to find new blocks and new transactions are not processed. Thus, you *cannot* separate a blockchain from its token.
I hope this helps.
Most of the tokens are pre-mined, so mining doesnt come in. Blockchain is more important than bitcoin. and yes im a bitcoin hodler and i still feel blockchain is more important.
I give up.
Fuck off, communist. I'm educating people on how the system functions. Pay attention and you might learn something.
Jay S, getting rich is not the point of the currency. Mining is just how the transactions are processed and how we collectively decide which transaction history is the correct one. Mining secures the network against fraud. Miners are doing a service and they have to be paid or they won't do it.
Why does bitcoin have value? Bitcoin has value because it is scarce (limited) and because it's useful. It allows you to send money to anyone anywhere without bank accounts and without anyone's permission as long as they have access to the internet. That is useful to a lot of different people for different reasons.
...it's also fun to speculate on the price and try to get rich. =)
T Pain, good luck with your resentful, loser mentality, comrade! Or join us and be thankful you did in five years from now.
Hey everyone, please I'm new to forex and I don't know how to take start it, I'm actually looking for an Expert trader that can help me trade and make profits.
Thanks🙏 for this useful information, I was thinking about investing in Bitcion
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"To invest is good, but investing with the right person matters, Thanks Mrs Clara Austin
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today. 🤝Mrs Clara Austin
I don't think I can ever loose in crypto again, since I met Mrs Clara Austin,
I’m very respectful this guy. No shame if you don’t know. Just say I don’t know instead to tell wrong answer.
Wow what a simple but a great man.. Salute you
If Jack Ma says he's not a fan of BTC, that's a pretty good reason to buy some
@@meletis1980 Because whenever I watched him talk, all what left his mouth was complete bollocks
Holy crap I just watched him on that Jet li fighting film on youtube.
Jack ma don’t know bitcoin, I really doubt about this, he pretend not knowing it because he know it will go up sooner or later, and that’s going to compete with his alipay.
Samuel Yiu
It is within his own right to protect his business. If your competition is down the street would you point the direction for your potentials client or customer to them? I think the answer is clear.
Lol it just went down hahaha
Read the news :)
Just because the value of Bitcoin goes up, doesn't mean it is a good competitor for Alipay.
james tan
Great i hope it keep droping so i can have an entrance buy in lol
quiero comenzar a ganar. que tengo que hacer?
I have a lot of respect for u sir. u Been inspiration for me since when I started watching TH-cam. I'm watching bcoz I want to be like u
he was so honest, he admits that he was acting
Well that's a misleading title. Answer: he doesn't know. : P
highcountryrunning
He knows. He is being dishonest.
Like your honesty
Salute 2his Honesty
Most of bitcoin enthusiasts say they understand the technology behind it and how it could change the future, however it's doubtful they do. As well said by Jack, it is shameful to pretend you know something while you actually don't.
actually that applies to every 'loud mouth'. Even those that don't even have any studies in the field. Economics, laws, finances, tax, medicine, politics there will always be a large group of people saying more than they know
I have heard alot about forex and bitcoin watched multiple video but always get confused. 😒.
Excellent answer. Smart guy.
I don't get it we still value bitcoin based on dollar aren't we suppose to use bitcoin as alternative money?
Worth repeating - jump to 3:38. Could've been a two-second video.
i watch in carefully, but the ending he dont know bitcoin 😂😂.. but every single word he say is awesome.👍
Bit coin isn't for him because he's teaming up with Justin Sun to use the TRX Coin
Lmao didn't he file charges against Justin sun for stalking him and they didn't really know each other?
he is so rich that anything he came out is so true to most of ppl
What would happen with bitcoin and a quantum computer?
Seems like everyone is on the same field about not liking bitcoin itself, but the technology behind blockchain is what everyone likes which at the end of the day is what makes it so special
Love Jack Ma and I think hes a fantastic business man👍🏻
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If you put the subtitles on, he said he is investing tons into Bitcoin.
So, the title is totally misleading. Pure Click bait.
That's an intelligent and simple answers, rather than saying rubbish.
You guys getting it all wrong, when he says "Idk about bitcoin" he's talking about the same understanding you have about WHERE THE TREND IS GOING and "Should I invest?".
He KNOWS what a BITCOIN is and what it's suppose to do, but he KNOWS you are asking him "Should I spend my money on this sh**?" and he is saying he can't answer that for you. Because the people who are trading it around are the ones inflating the sh**, the bitcoin is NOT backed by ANYTHING other than perceived value, how did anyone not see the crash coming?
he looks like hes using a faceswap app
wait until he knows about bitcoin!
Will that cashless society decentralized? Someone smart like you won't comment on such pinnacle point.
Jack is a smart man. He know that to reduce risk you need to diversify in different asset. May it be real estate, gold or bitcoins
After his interview with elonmusk i can understand why he doesn't know.
click bait video. Nothing about future of bitcoin :)
Sadly yes
Come over to watch the video to hear him say I don't know
jack is a Tron(TRX) supporter not a bitcoin supporter, But jack ma does support the power behind bitcoin Blockchain!
dont know and saying u dont know its not shameful .. pretending to know while you dont ia shameful.. but jackma pretending to dont know but i think he does understand very well cause he paid close attention to it even the blockchain technology
"Lets be straight here"
He doesn't know anything about Btc
Bitcoins value is the community behind it. Power to the people
Great personality
China - 71%
India - 4%
Georgia - 2%
Iceland - 2%
Venezuela - 2%
USA - 1%
The Longest NO in TV history
That movie he mentioned is "the gods must be crazy"
amazing. Surprisingly, I was thinking exactly the same.
Of course he's not gonna say good things about bitcoin, he OWNS a competing digital payment system.
all common people want a decentralized economy society
awesome answer sir
If you dont know its not shameful, but if you pretent to know which you dont know thats shameful- jack Ma
What is that stupid thing they saying"we don't believe in bitcoin but we believe in blockchain"???
Blockchain doesn't need Bitcoin to succeed. Blockchain is the underlying value of Bitcoin.
its not stupid at all.
Lets just pretend Nokia invented the internet. What part of their company would hold the real value? The phones or the internet technology?
Same goes with bitcoin. Just look at all the problems it got. I personally dont believe in bitcoin either, but im all in in crypto. There are already companies starting to utilize blockchain for their business idea. Like Modum among many others.
right now and until there is proven working decentralized alternative to bitcoin that can deliver at scale, we are stuck with the 'Bitcoin Blockchain'. Cause what is bitcoin? its a blockchain lol. Its propaganda, to try and make their own blockchain that is not decentralised
He's on track. The future economy is based on the value of the people.
Make a video about eaglex
Cannot see it going up in value when half of the world have said it
declared that virtual currency had ‘no legal status or regulatory
framework
if It is to be regulated as a virtual asset by the Finicial Tech
Law they have said Each time a bitcoin is sold, the seller would have to pay a capital
gains tax of 25%. Miners, traders of bitcoins would be treated as
businesses and would have to pay corporate income tax as well as charge a
17% VAT
so its only the people who invested before it went up in value that may
get something out of it but the middle man who exchanges your money will
get a large % cut.
and if you do it in a country were its not legal to do bitcoin you could
do jail time for even cashing in your coins
I don’t care if no one knows about it as long as it changed my life , 🙏
I'm not sure if I'm going to get it
Thanks for sharing your comments .Feel free to message my account manager Anamaria Mendez to help you make more profits in BTC and Ethereum...
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He doesn't care about bitcoin, however he acknowledged blockchain is a powerful technology
When i purchase a bitcoin . Then whom i am paying my currency to buy a bitcoin.
If no one owns it
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He knows whats btc is,but he doesn't how to deal with it.
The blockchain technology is very powerful!
He doesn't like bitcoin but he loves Tron
it takes three minutes to say I do not know
he was explaining about bitcoin in other way, cashless society is bitcoin :)
At least he is honest that he doesn't know.
3:30 is his answer
Now thats honesty for Jack Ma.. Im not sure about equality on a cashless society though..
That's a very honest answer indeed, salute you Jack Ma
he doesnt like bitcoin because it competes with his alipay.
Your an amazing man.. With a great potential mind set
Imagine if Justin sun(trx) and jack ma teamed up! Now that would be a game changer🙂
How to make bit coin??
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TRON!!! BABY!! TRX!!
Made some $ with Tron too ;)
Ok, now turn off the camera, we want to know what he really thinks about it
And it was around this time that TRX was born.
And a month later after this was posted, Bitcoin ran up to $19k
good point Jack!
Try acquire a little knowledge on money adders before proceding to buy any softwares.
read this helpful information in the link below
www.creativeinv.club
Best Answer.....
He contradicted himself by saying he wanted to bring cashless payment to the society but not a big fan of bitcoin.
Satoshi Nakamoto(if the person really exists) was the first to own Bitcoins. Has a million of them when they were worth virtually nothing. His wealth is now over $16 billion.
How can people be equal when some have more bitcoins than others?
John Frandano Good thinking thanks
It's nice video, thanks ))
This man is one of my fav personal
lol, about a week after this was uploaded, Bitcoin started its massive bull run up to $19k
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Sounds like jack ma left some "money on the table" Bitcoin is over $51,000 12/23/21
So the actress cannot even conceal her own intention to ask a question like that huh. "My brother is trading it." She said.
She needs to learn how to perform.
I'll take one of his paintings
I believe will be a good investment lol
Jack Ma's engineers are working with Tron's block chain. Invest in that instead of bitcoin.
What bitcoin doing for society now I also curious?
I like it block chain concept
Thanks for sharing your comments.Feel free to message my account manager Anamaria Mendez to help you make more profits in BTC and Ethereum ..
+ 1 9 1 7 7 6 5 8 3 1 2...Text her on WatsApp 👈.